The Litepresence Report on Cryptocurrency

[Dianne]

Gox is at $130. Will we drop that low on the other exchanges?

 

[Dianne]

Actually, I rather like having them both in the same thread. I don't see SomeWhereInOz's comments as spam because he does offer interesting insights.

I will admit I pay little attention to all the other NWO stuff, even though I'm a believer, but I still like having him around, even if it's just so I can imagine him saying all that stuff in an Australian accent.

I agree .. Oz just discussing the effect world events have on fiat and alt. currencies. What blows my mind are the charts I never understand lolol ....

 

[PaulConventionWV]

Gox is at $130. Will we drop that low on the other exchanges?

The answer is an almost affirmative no. The only reason I say almost is because nothing is certain now. It always carries risk, but Gox is only going that low now because nobody wants to associate with Gox anymore. Pretty soon it will be forced to shut down because it can't keep up with the rest of the market and is only dragging it down. BTC consumers will shake Gox off like a bad case of fleas. When that happens, the rest of the market will be free of its influence and I believe we will see a modest rise at first. After that is anyone's guess.

 

[Dianne]

I think Gox is just trying to avoid prosecution by delivering all the btc they owe to their clients before they shut down; but instead of the real market value they will get away with paying $100. or so per btc which is their market value. So people who bought in around $1,000. per will walk away with 100. per.

 

[69360]

I've stayed out of BTC specualtion so far.

Gox is currently $126

It is really tempting to speculate in gox btc right now. 500% profit if gox makes people whole is nothing to laugh at.

I wonder if it's going sub $100?

 

[PaulConventionWV]

I think Gox is just trying to avoid prosecution by delivering all the btc they owe to their clients before they shut down; but instead of the real market value they will get away with paying $100. or so per btc which is their market value. So people who bought in around $1,000. per will walk away with 100. per.

Unless the Gox team is doing the actual trading, I don't see how they could manually drive the prices down like that.

 

[PaulConventionWV]

I've stayed out of BTC specualtion so far.

Gox is currently $126

It is really tempting to speculate in gox btc right now. 500% profit if gox makes people whole is nothing to laugh at.

I wonder if it's going sub $100?

By the looks of it, it's going to zero and Gox will no longer exist pretty soon.

 

[69360]

By the looks of it, it's going to zero and Gox will no longer exist pretty soon.

Possibly, probably, but if not speculators buying up gox btc are going to make a lot of money.

 

[PaulConventionWV]

Possibly, probably, but if not speculators buying up gox btc are going to make a lot of money.

Yes, an insane amount.

For the record, though, it's not a risk worth taking, IMHO.

 

[Dianne]

By the looks of it, it's going to zero and Gox will no longer exist pretty soon.

That's what it looks like to me... In the past, Gox was usually $100. per btc higher than the other exchanges. Now they are $400. per btc below the other exchanges. Looks like they are attempting the great escape, leaving the scene owing no one.

 

[Dianne]

Yes, an insane amount.

For the record, though, it's not a risk worth taking, IMHO.

I'm not sure why people are still buying at Gox. You can't withdraw btc or fiat from the site. If it sounds too good to be true, it's not true.

 

[69360]

I'm not sure why people are still buying at Gox. You can't withdraw btc or fiat from the site. If it sounds too good to be true, it's not true.

Speculation. Pure gambling that gox will allow withdrawals in the future.

If gox btc falls down to next to nothing, it could be worth it to throw a bit of money at it for a chance at 5000% profit. No different than casino gambling or playing the lottery. Don't buy more than you can afford to throw away and not care about.

It's crashing fast now $111

 

[SomewhereInOz]

TA - time frames = etch-a-sketch prognostication.

https://www.dropbox.com/s/de98tsdldl95h46/TA-Never-Works.jpg

You know you're right, TA never works . . . I'm abandoning it forthwith and going back to Gastromancy and Anthropomancy. I hear there's going to be a lot of the latter going on in plain sight real soon ;-)

 

[XTreat]

How does one even go about getting dollars into Gox??

 

[69360]

How does one even go about getting dollars into Gox??

Wait a month or so to get verified.

There is now a site to trade in the trapped gox btc.

https://www.bitcoinbuilder.com/

It's a huge risk obviously.

 

[Dianne]

What will your buy orders be set for tonight, before going to bed? If you go to bed.

 

[muh_roads]

What will your buy orders be set for tonight, before going to bed? If you go to bed.

I set them last night and one already cleared.

550
450
350
250
150

150 & 250 are my hail mary passes that will grab the most. And if it actually reaches that level, I will be keeping them. 350, 450 & 550 I will be using to play more alts.

 

[SomewhereInOz]

Now You See Us, Now You Don't

http://www.coindesk.com/bitcoin-price-hits-135-mt-gox-office-move-verification-demand/

Check out the first comment in the Blog thread below.

Oh this will do Bitcoin Exchanges a lot of good . . . Trust? You gotta be kidding me!

 

[Dianne]

I set them last night and one already cleared.

550
450
350
250
150

150 & 250 are my hail mary passes that will grab the most. And if it actually reaches that level, I will be keeping them. 350, 450 & 550 I will be using to play more alts.

Looks good !!! I was going to do some PPC at $3.00 but already $3.40; so it might get in the $ 2 ish range.

 

[Dianne]

http://www.coindesk.com/bitcoin-price-hits-135-mt-gox-office-move-verification-demand/

Check out the first comment in the Blog thread below.

Oh this will do Bitcoin Exchanges a lot of good . . . Trust? You gotta be kidding me!

Yeah, no joke !!!! They were always the most expensive exchange in the business... now they are dragging 400. behind everyone else.